I am not a big fan of metal sector and don’t track it too closely. But from among metals pack, jsw steel and jindal steel and power have shown a lot of resilience during the prior downturn. Now JSW steel is close to all time highs and looks the strongest of the lot.
A lot of other metal stocks seem to be in a base formation stage.
Sector rotation has been the hallmark of the post Covid rallies and its often difficult to play these to get maximum advantage. Idea should be to get in well ahead of the pack into the sector showing strength and try to ride with strict stop losses. The usual story with most retail investors is that they get in quite late into the party and are left holding stocks bought at or near peak. That’s where one needs to be careful.
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